How it works
For money worksheets grade 5 students need decimals. These sheets multiply a price by a whole number, such as 17 × $3.44, and divide a pack price to find the price of one. Three cover profit, expenses and net income.
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Multiplying and dividing prices
The opening sheet multiplies a price by 10 to 25. Two more multiply by exactly 10 and by exactly 100, where the digits only move: 10 × $7.72 = $77.20. The division sheets go the other way and find the price of one from a pack. Under each answer the key prints the number sentence, such as $7.80 ÷ 6 = $1.30.
Profit, expenses and income
Used as money worksheets 4th grade classes in Texas can open the profit and expenses sheets, which match the personal financial literacy standards there; the gross and net income sheet is a grade 5 topic. Every amount in a story is made up and stated in the problem.
- Have students estimate with whole dollars first: 17 at about $3 each is about $51.
- For times 10 and times 100, ask where each digit moves before anyone writes.
- Check a price of one by multiplying it back by the number in the pack.
Questions and answers
What money skills are in grade 5?
Common Core standard 5.NBT.7 asks students to add, subtract, multiply and divide decimals to hundredths, which is what dollars and cents are. Texas standard 5.3(E) names products of decimals to the hundredths in situations involving money, and 5.10(B) gross and net income.
How do you multiply money by a whole number?
Multiply as if the price were a whole number of cents, then put the decimal point two places from the right. For 17 × $3.44, 17 × 344 = 5,848 cents, which is $58.48.
What is the difference between gross income and net income?
Gross income is what is earned before anything is taken out. Net income is what is left after taxes and other amounts are withheld. If gross pay is $412.00 and $58.40 is taken out, net income is $353.60.
How do you find profit?
Subtract what was spent from what was taken in. A bake sale that takes in $86.50 and spends $31.25 on supplies makes $86.50 − $31.25 = $55.25 profit.